What Does Pet Insurance Cost

In the united states the average cost of pet insurance is roughly 492 per year or 41 per month.

What does pet insurance cost. As we ve already noted this amount can vary considerably depending on a range of factors. The insurance trade group says that accident and illness coverage per year averaged 473 for dogs and 285 for cats in 2014. This means you can expect to pay 250 up front to keep the policy in force for the year and once you ve paid 100 toward your pet s medical bills the insurer will reimburse you for any covered costs up to 1 500 for the year. Regular costs can vary depending on the size of your pet and level of pet insurance cover you buy.

Accident only policies ran 158 and 132 respectively. Accident only cover costs 20 per month average accident illness cover costs 35 55 per month average comprehensive cover costs more than 60 per month average. We ll go over these later in this post. The average monthly cost of pet insurance is 47 20 for dogs and 29 54 for cats for pet insurance plans that cover both accidents and illnesses.

After obtaining quotes from 11 of the largest pet insurance companies we found the monthly cost of the average pet insurance plan ranges from about 25 to 70 for dogs and 10 to 40 for cats. What is the average cost of pet insurance. A typical cost for pet treatment after they ve been hit by a vehicle and need surgery is over 9 000. According to their last published records consumer intelligence data revealed that the average annual premium for pet insurance costs between may 2017 and may 2018 was 287 equating to just over 23 90 per month.

A pet parent s guide healthcare costs are rising across the board and pet healthcare is no exception. Of course when our pets are outside or inside for that matter they eat stuff they shouldn t. Current pet insurance premiums while other types of insurance like health insurance are community rated meaning everyone in a certain age group pays a similar fee pet premiums are driven by a number of factors like the breed age size and hereditary conditions of your furry friend. Canstar reveals what the average pet insurance policy can cost in 2019 according to our data.

Most dogs will cost owners at least 21 000 over their lifetime with cats a cheaper option at around 12 000.